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along with sam stein and michael steele in washington. joining us also in washington, senior national correspondent for "bloomberg businessweek," joshua green. and joshua, before we go on to what led to this doomsday scenario that we're facing right now, which was all set up by lawmakers in washington, talk to me about what businesses are looking for and wall street is looking for. there will be reaction. there's always this discussion about the need for certainty. at best, we're going to get some sort of small deal that puts everything off, which makes this whole deadline make no sense. are businesses going to respond well to that? >> if we get a deal, yes. i mean, wall street all along has been looking to avert the fiscal cliff. and frankly, i don't think ceos and businesses care a whole lot about where income tax rates fall. in fact, you saw a number of ceos come out a few weeks ago and say they were happy for their taxes to rise, so long as washington could get a deal. i think they also expected a deal. and then over the last five days, as the talks seemed to fall apart, you saw t
. >> as long as washington keeps santa claus hostage we'll continue to see this. "the santa clause" rally hasn't appeared because it has been over this fiscal cliff. kudos on fox business for the headline of story coming out of washington congress will meet on sunday this coming weekend that. is definitely took us off our low. we had a major rally on that. 10 handles on the s.o.p.s we watched down here. it was a painful trade there for a couple of hours. ashley: ben, very quickly up until now the market hasn't really reacted to the fiscal cliff but seems today it really sort of kicked in. did the market get it wrong up to this point? >> the fear is we may have got it wrong. market as i've been saying for a while believes in fact we will have a resolution so we will not go over the cliff. the recent commentary maybe has been there will be a patch so we'll get it done by early january. the comments by mr. reid today. the ball was thrown into his court by mr. boehner who failed with his party, the expectation was mr. reid would have something positive to say the tape sent a clear message to washi
gallagher in washington, vice president and executive director of msnbc.com. that was general norman swa schwartzkopf you saw on your screen who passed away yesterday. i have a lasting memory of general schwartzkopf who served in the war in vietnam as well as leading gulf storm one. there was a woman from iowa. her name was peg mullen. she wrote a book about the death of her son, michael mullen. the name of the book was "friendly fire." norman schwartzkopf was the battalion commander. he was so approachable to peg mullen, so human in his relations with peg mullen, who sought to find out how her son was killed in vietnam. he died from friendly fire, which, you know obviously meant he was killed within the confines of his own unit by shrapnel from american weapons fired. it was so impressive to read about then a colonel later to become norm an schwartzkopf general "time" magazine's man of the year who was so human. just that clip we just showed right then compared to a lot of military officials who we see on tv. an actual human being would could say i hope i don't make a mistake. things li
it that way means folks you sent to washington have to do their jobs. the housing market is healing but i could stall if folks see smaller paychecks. the unemployment rate is the lowest it has been since 2008, but already families and businesses are holding back because of the disfunction they see in washington. you meet your deadline. you meet your responsibilities every single day. the folks you sent here to serve should do the same. we cannot let washington politics get in the way of america's progress. we have to do what it takes to protect the middle-class, grow this economy, and move our country forward. thank you, everybody. >> hi, i'm senator roy blunt from missouri. as we bring 2012 to a close, leaders in washington have an opportunity to kick off the new year by working together to solve some of the challenges facing our country today. at a time when our federal debt topped a record $16 trillion, it has been more than three years since a democrat leaders in the senate passed a federal budget. the senate majority leaders refuse to bring any appropriations bill to the floor this e
>> a very good afternoon. 1:00 eastern. >> i am crazy burns. senators returning to washington from last attempt but the house is still out and no new negotiations are scheduled. >> consumer confidence is plunging taking the market down with it. which ended 16 points. trending back and forth. as jobless claims to drop to the lowest level. >> today we look at the un study future of the middle east. what risk lies ahead let's get to speed with the markets are we going over the cliff? consumer confidence is dismal let's go to nicole petallides at new york stock exchange. >> the market under pressure hovering around 13,000 where we're sitting right now. othello's of the day. we have recouped some of the losses but we're still down over 100 points. every single component is a red. johnson & johnson. pfizer. aluminum. and materials. jpmorgan that hit a 52 week high it is now a loser. with the vix index look at the levels the volatility index it is a showing and the indication there is nervousness with washington. what will lawmakers do with a decision? this is the highest point* of a one-
, waiting for breaking news out of washington on a matter that has no business being breaking news. this was an entirely anticipated crisis, one that is completely of washington's creation, even at this late moment, washington still ready to gamble with your economic future instead of conceding some ground to conclude a deal that possibly saves it. i'm ali velshi. this is "your money," a battle of ideological wills in washington as america moves dangerously close to a fiscal cliff. >> we're now at the last minute. and the american people are not going to have any patience for a politically self-inflicted wound to our economy. not right now. >> alas, this is how we do things now, create economic storms then look to provide an umbrella at the last possible second. we avert disaster but move no closer to solving our long-term economic problems. after a moment of spiritual clarity on friday afternoon, harry reid is working on a bipartisan deal ostensibly with his republican adversary mitch mcconnell. >> -- engaged in discussions, the majority leader and myself and the white house, in t
to a deal in washington today. you can tell from the sell-off, investors do not like it. >> no, posting their largest decline since november 14th, in case you were wondering. although we are off the lows of the session right now. the dow was down 189 two hours into the trading session. we've come off those lows. but at this point, the dow is down 1% for the week and we are down 1% today at 13,173. nasdaq lower, as well. let's see how many percentage points we're down right now. down 1.25%. the technology sector is taking a bigger hit today. down to 3,012 on the nasdaq and the s&p 500 index is down 1% at 1428. . >> house speaker john boehner says he's still open to a offer from the democrats. >> it was a dramatic evening last night. john harwood was there. he has the latest on the on talks. are there any talks, john? >> i think so. but they're pretty muted. this bill was not win of those weeks that makes washington look good. come to think of it, there aren't many weeks that make washington look good. but this was especially especially difficult because you had negotiations getting close
. danielle nottingham, cbs news, washington. >>> my own mom at christmas dinner told me do not raise my taxes. >> after a few words of advice at home the bay area's newly elected congressman is about to get a crash course in washington politics. how the young lawmaker thinks he can help what many consider a broken system. ======b r e a k >> on tap for the next 24 hours more rain and i guess some big waves, too right, liz? >> we have a high surf advisory in effect for tomorrow. in the meantime we've got cold temperatures, overcast skies, a live look over the pleasanton area. we have wet weather heading our way. we'll show you coming up. ,,,,,,,,,,,,,,,, the fiscal cliff. the dow is _ _ this marks the longt losing >>> stocks once again heading lower for a fifth day on those concerns about the fiscal cliff. the dow is down 106 plus points marking the longest losing streak in three months. >>> former bay area city councilman is about to learn firsthand how washington works or doesn't work. he is newly elected congressman heading on to the capitol hill quagmire. cbs5 reporter juliette goodrich ta
, and count down to the closing bell starts now. we have breaking news from washington. rich edson at the white house where president obama is about to meet with key members of congress, and, rich, there's talk of a scaled down deal put forth by the president. what have you heard? >> it that is the discussion. you have harry reid, mitch mcconnell arriving at the white house, should have house leadership shortly to begin a meeting, a last ditch effort to try to help the economy avoid the fiscal cliff, or at least pieces of it, and, yes, the buzz around washington is a possible path forward that aids describe as preventing tax increase for income amounts of $400,000 or $500,000 or so, extend unemployment insurance, but, still, nothing has been agreed to. all in washington are waiting to see how this meeting goes. it's just about to start here in dc. meanwhile, on capital hill, the fighting continues, and in some corners, a sense of pessimism. >> if we don't have a deal within the next 24 hours, the question is where do you buy a parachute? we'll be going over the cliff because the cl
out of washington. we have boehner coming out with plan b. we are getting harry reid response saying that speaker banners -- boehner approach is very far away. the markets have managed to move back higher. there is a look at the nasdaq. the dow is a winner of about .5%. connell: let's follow up on this breaking news on the speaker of the house john boehner. dagen: richardson is live in washington, d.c. with what the heck. rich: the house will vote as early as this week to extend tax rates for those making less than a million dollars a year. house speaker john boehner says he is still negotiating plan a with president obama. the reason for the backup plan, speaker boehner says, after optimism, the white house is latest offer has soured the mood within republicans. >> it was essentially a $1.3 trillion in new revenues for only $853 billion in net spending reductions that is not balanced in my opinion. rich: there are substantial differences. the speaker is willing to allow a rate hike on those earning less than, excuse me, more than 1 million. speaker boehner wants a $1 trillion in spe
or two. part of the dynamics in the negotiations. front page of "the washington times." is the brink" cutline. host: harry reid had this to say on the senate floor. [video clip] >> the american people do not understand. the house is operating without the house of representatives. it is being operated with a dictatorship by the speaker. if the $250,000 would be brought would pass. speed brainer could've brought legislation to the house and it would have passed. host: gcomments by harry reid. the senate is in session today. bill has this point -- from "the national journal" -- the story is available online. "the president will have a strong hand to play over what to do about the tax hikes and spending cuts about to hit the economy. to allow the bush-era tax cuts to lapse for the wealthiest of americans. good morning, clyde. caller: good morning. political capital. neither harry reid nor the president will be running for election. everybody else is pretty much locked in whether we go over the cliff or not. is it thelma and louuisuise or laverne and shirley? they all place their bets a y
just came back from washington and i got good news and bad news. the good news, they all want to rise above. the bad news, the republicans want to rise above tax increases and the democrats want to rise above spending cuts. you can see that investors want to rise above washington. but this morning rally, the averages got pulled down when harry reid said there probably won't be a deal in time for christmas. who's calling the tune? the nasdaq climbing 1.8%. apple rallied eleven and change. i hope this mini rally is happening because people have looked over the fiscal cliff and they weren't terrified by what they saw. i hope we will get by. i hope they don't mind government intervention in their portfolios. because they are not going away. i hope that because what i heard in washington today were two sides even though i can tell them that a deal would be done and there would be no vacation without legislation, we'd be in much better shape. i have to tell you, as encouraging as the market was this morning, the situation in washington is as discouraging. one after another i started with a
to washington dc and he came back home with some bacon. that is what you do. that is what you do. are people overwhelmingly supported him in the election. not just at, buthy not? gerri: quid pro quo, bring home the bacon. very controversial. we are going to have one out in just a moment. but first, it could be a day of reckoning lawmakers in michigan considering changing the status to a right to work state, giving workers the freedom to opt out of paying union dues. we have the abor policy director for the mackic center for labor policy. tell me what it is you're trying to do wi this legislation. >> there are rumors that michigan can become the 24th rights work state in the nation. he gives workers the ability to choose whether or not to pay a union and without rights or protections, they can actually get the worker fired in aunion if they choose not to gerri: i understand there are some five groups of unions to protest what you're trying to do. at you make of that? >> they are protesting what they think may be an imminent right to work bill introduced in michigan's capital in lansing. gerri
in washington. let's start with this. president obama and his republican opponents are about to go over niagra falls in a barrel, but nobody knows for shush how bad it's going to be. will the economy smash on the rocks below? will the stock market plunge a thousand points and keep on dropping? will the world money watchers see the u.s. drowning in its own dysfunction? or will obama and the dead-end opposition it faces be saved by the public's horribly low expectations of what they can do? what will prove stronger for obama and boehner? the barrels they're riding in or >>> heading over niagra falls in a barrel. let's play "hardball." >>> good evening. i'm chris matthews in washington. let's start with this. president obama and his republican opponents are about to go over niagra falls in a barrel, but nobody knows for shush how bad it's going to be. will the economy smash on the rocks below? will the stock market plunge a thousand points and keep on dropping? will the world money watchers see the u.s. drowning in its own dysfunction? or will obama and the dead-end opposition it faces be saved b
here in washington and around the country, do you -- does the white house feel any obligation to tell fellow democrats to debate this issue but debate it in a peaceful and -- >> the president believes in, you know, debate that's civil. i haven't seen those comments and i'm not sure that they mean what some would interrupt them to be -- interpret them to be, i just haven't seen them. the president has always opposed so-called right to work laws. as he said, those laws are generally political and not economic. they're more about the right to earn less pay than they are, you know, helpful to our economy. . he presented his views on that issue. ? when we were asking about the chicago teacher's strike before the election, you said it was a local issue and the president has, quote, not expressed any opinion or made any assessment about this particular incidence -- incident going on in his hometown. why is this different? it's playing out in michigan, we saw in it wisconsin several months ago. i understand he was in the state of michigan but he's from chicago. why -- >> the president's posit
in the country. his work is not done yet. people worried about washington keeping their spending type. time for stocks now. nicole petallides is at the new york stock exchange. nicole: the dow is down about ten points. the s&p pulling back one quarter of 1%. a lot of the retailers loved like the biggest losers. 500 stocks are comprised and represent oriole to autos to airlines. the sector that was really lagging where the retailers. oil has been moving to the upside. there is a lot going on with that. and oil spike of two dollars. now, let's take a look at technology. we do see some of the tech stocks doing pretty well. hewlett-packard and intel have been among the real losers for the year 2012 on the dow. today, you continue to see this trend which is a little better. back to you. dagen: thank you. the senate returning to washington tomorrow. the president, as well. five days left to revert the fiscal cliff. now that plan b is that, will there be a plan c or f for failing? peter: president obama expecting to arrive in d.c. tomorrow. white house says they will let us know if there is any up
on wall street continued to talk about washington, that remains a serious issue here. everyone knows that has not been solved yet. the truth is, there is nothing on the table. with that being said, you can see the dow and the nasdaq are down three quarters of 1%. the s&p is the worst of the bunch. bank of america and jpmorgan weighing on the dow jones industrials. i wanted to check in on toyota motors. we are watching this closely. they are doing this $1.1 billion agreement. the owners of the 16 million cars, a lot of complaints, obviously. they do not have to admit guilt. the settlement does not cover injuries and wrongful death. it does cover all of the economic concerns and crisis all these people suffered. liz: thank you so much. we will be back with you in just a few. not only the weather, u.s. jobs are heading to canada also. with its high unemployment rate, watch out california. workers are the prime target. we are live in los angeles with this very interesting story. >> you are exactly right. canada is looking to double its oil production over the next 20 years. they do not h
again. the president in washington and another deadline. secretary geithner warns we will hit the debt ceiling even before we tumble over the fiscal cliff. good morning from washington. it is thursday, december 27th. this is "the daily rundown." i'm luke russert. two days after christmas and washington is back to work trying to harsh out a deal to avoid the fiscal cliff. the senate will get back from the session after holiday break. the president is expected to arrive back to the white house without his family to get back to twork mework to meet the loo deadline. mike is at the white house. let's start with you. the consensus around the hill is that we are more likely than not to go over the fiscal cliff, but there is a small chance harry reid could take a house pass bill and amend it and send it back over to the house. what are you hear being that? >> conceivably, but when the president lights upon the south lawn and the marine one later this morning, it's unclear why he is coming back and who will be here with him. as you mentioned, speaker boehner remains in ohio where he is from. h
. >>> the president gets set to land in washington this hour. there's new word that the president has called all four congressional leaders. reid, mcconnell, boehner and pelosi. . joining me to talk more, we have peter alexander standing by at the white house as well as nbc's mike viqueira on capitol hill. some verbal smackdown, basically flipping the lights back on and harry reid taking to the floor to eviscerate speaker boehner. >> the sad part is you often seen the floor opened that way. mitch mcconnell being later today. i'm sure we'll hear something later. to hear it two days after christmas and a matter of days before we go through the fiscal cliff, obviously not encouraging. harry reid says time is running hout. he doesn't know if they could go through the legislative hurdles. if they have the votes around here, they can legislate the sky is green and the grass is blue. that's not an issue. what harry reid is really saying is mitch mcconnell, get on board, don't try to filibuster. of course they're talking about a bill that had raise capital on couples making more than $250,000 a year, and do
turn it into politics. and that is what appears to be the case right now in washington, d.c. >> but, sir, politics have a huge influence in this, as we look at the nra which is large lobbying group for gun manufacturers that has supported -- they support you. you have an "a" rating from them. you have voted yes on promoting gun sellers and manufacturers. and yes on the waiting periods taking waiting periods from 72 hours to one day yes on a trigger lock law in washington, d.c. how can you say politics are not involved with this when you look at a voting record right there. the nra gives you an "a" in allowing for people like an adam lanza to have access to the weapons he might have had. his mother might have had it legally, but we cannot police what his mother is doing inside that house to keep lanza away from those weapons. >> yes, and none of the policy issues which you just ticked off would have prevented adam lanza from doing this. and it is very sad that we want to cloud the issue by making nra the policy, as opposed to adam lan za and what triggers this. think of germany, germ
on such an agreement as we speak. >> and as we speak, rich edson is live in washington with the very latest. >> well, it's up to the senate. staffers and a majority leader harry reid, minority leader mitch mcconnell are trying to negotiate a scaled-down debt deal to avoid some of the fiscal cliff and take other major decisions on taxes and spending to the future. again, in an afternoon white house meeting president obama pitch a debt plan he had outlined a week ago, prevent a tax increase for income of less than to an effective thousand dollars per year and extend long-term unemployment benefits. senate leaders are using that framework to try to craft a proposal to pass both houses of congress. aides say it would likely increase the threshold for tax increases, reversing massive pay cut from medicare doctors, and elections of millions of americans to avoid paying the alternative minimum tax. an increase in the debt ceiling is not part of the discussion. that is significant development for house republicans who won any increase in the borrowing limit it accompanied by an equal amount in spending cuts
, what happens next? "the washington times" says the collapse of plan b is a disaster for john boehner. an embarrassing setback for the republicans. "the wall street journal" says there are questions for john boehner to lead his party in further negotiations. 10 days before the looming fiscal cliff. this morning we will be taking your calls and comments. we will sort through what happens next. the phone lines are open. send us an e-mail, a facebook comment, or a tweet. let's look at the headlines from "the new york times." a similar headline this morning from "the washington post." maynard dropped the effort to avert the fiscal cliff. -- the john boehner drops the effort to avert the fiscal cliff. this from "the washington -- the wall street journal." the deadline looms with the fiscal cliff, that story available on line. joining us live, meredith who has been following this since it started. what happened to the caucus last night? caller: there is the surface answer, what happened when they were leaving the room. i think the most telling detail and what you have seen and the most outl
plain washington, dc. i can explain, now, the folks would make them look very small, the heroes, actually, who brought us to the moon and did the impossible, remember now, 40 years after that last mission to the moon surface that anything is possible. i don't want to give away our sunday night "fly me to the moon" special but i want to give you a teaser, what made them so special. >> we are not thinking about what goes wrong, worry is a wasted emotion. it clouds clear thinking that is absolutely needed when something is wrong. >> i didn't have guts i knew what i was doing. i didn't go to the moon not to come back. >>neil: did you think you might die? >> we thought our chances were about 10 percent. >>neil: did you hear that? 10 percent. one out of ten chance of coming out that disaster alive. that was then. this is now. amazing. folks in washington, dc, could take a cue from these guys. to our market watcher. i don't see that bravery today. but it is what it is. >>guest: it is nowhere to be found. maybe the chance of that 40 years ago is 10 percent and the chance of the fiscal c
last night. he touched down in washington early this morning. and he was a senator by this afternoon. that is a big day. so senator schatz, welcome to washington. welcome to the u.s. senate. there is a lot to catch up on. first of all, many of your new colleagues, most of the people you're about to join, they won their elections back in november. you of course did not. so it is possible that between november and now, like a normal human being, you were not paying all that much attention 20 what washington has been up to. it's the end of the year. things have slowed down. we're waiting for a new congress to come in. usually you would have time to get your bearings to figure out where the bathrooms are. that is not going to be the case this year. not with the fiscal cliff. luckily for you, we here at "the rachel maddow show," we have been paying attention. we have had absolutely no other choice, unfortunately. and we are here to help you and everyone else trying to figure out how we got to this point we are in. right after that election, the day after the election, in fact, your new co
lunch." we have three major news conferences in washington, d.c. president obama will nominate senator john kerry to be his next secretary of state. harry reid will be on the senate floor and house minority leader nancy pelosi will discuss the cliff crisis. with plan b history, washington is scrambling to get a deal done. the markets however are decidedly worried. dow jones has been down triple digits almost all session. we are off our worst lefs, down about 174 point a few moments ago. down 152 on the dow. 17 to the minus side and nasdaq is off almost 40. let's go to washington where john har wood is standing by with the latest on the fiscal cliff follies. john? >> all follies so far, sue. we had house speaker john boehner come out today and have a news conference explaining the failure of his plan b last night which stunned a lot of people because both boehner and eric cantor majority leader said they were confident they had the most to pass it. what he said today at a news conference is that there were members who had a perception which he said was incorrect. it would raise taxes. t
closing bell." the market down today. washington is not even close to reaching a deal to avoid the fiscal cliff. we had a triple digit decline today. here is how we're finishing the day on wall street. at the lows, dow was down 189 points. by the close, we came a fair amount of the way back from that sharp decline in the morning hours. volume very heavy today. that's how he saw a lot of shifting in the volume for the day. 1.2 billion shares here. nasdaq gave up that 29 points at the close and the s&p 500 down 13.25 points. five trading days left until the fiscal cliff deadline. seven days until congress is back in washington. raymond james says he's expecting the santa claus rally. jeff is with me now also dean from barclay's, peter anderson and our own rick santelli. jeff, how can this market rally when there's still so much uncertainty out there? >> i am surprised the market held up as well as it did today, maria. it had every reason to be down four or 500 points. historically, the week after christmas it's up about 70% of the time with a little over a percent gain. and i think you're g
of drama in washington. congressional leaders have arrived at white house. they arrived there about an hour ago with three days to go before we go over that proverbial fiscal cliff. they are meeting with the president and the treasury secretary timothy geithner, and they are trying to hash out a deal. but reports that the president has nothing new on the table has ended up spooking wall street in a big way just in the last hour, and as bill said we finished down near the lows of the day, down about 157 points for the dow. settling up right now. down what, about 165 at the very low, bill? >> i think so, yes. >> and the nasdaq finishing down 25 points and the s&p off by 15, a fifth straight day in the red. well, it is the last friday of 2012. it's in the books. check. still no deal in sight and no new offer either on the table from the president as eamon javers told us a little while ago. what now for the markets? we have our guests and our very own rick sell sebak with us. rick, let me get to you, first of all, because you're here on the set. what now for the markets? >> what now for the mar
throwing a fit in washington today, wait until they come out and say this means getting rid of the mortgage deduction that people get on their mortgages or giving money to their church or university, that's where the money is in deductions. that's something that a lot of people use and it has very powerful support in the country washington and the country at large. >> jennifer: if you do that by closing loopholes you still can't come up with enough money unless you basically eliminate them right? >> right, and you know, it's a few $100 billion perhaps. again, i don't think it's sort of asymmetrical warfare. the obamas put together a plan. if you jack up the rates on the top earners you'll get more money, and more money will be withheld from their salaries and they'll owe more at the end of the year. by contrast if you talk about ways of eliminating deductions without saying which ones they are, that doesn't get you far. that's been in the conversation for the la many years in washington. >> jennifer: carrie, you talked about a compromise. in a way to give the republicans a way of saving fac
time in washington, which is reach a bipartisan compromise on significant deficit reduction on the order of $4 trillion, when you take all the pieces of it and put them together. we are very close to being able to achieve that and the president has demonstrated obvious willingness to compromise and to move more than halfway. >> we're also learning house majority leader eric cantor said the house will have the votes necessary to pass the plan b, but let's be clear. he weather what's really obvious is that the president rejected the offer simply because it doesn't raise enough taxes. but the problem that i and other true conservatives have with boehner's plan b is that it punishes the very people responsible for creating jobs in the country. the speaker's falling directly into the president's class warfare trap instead of fighting for the principles that handed his party to the majority. he was sent to washington like all republicans, to reduce the size of government and cut taxes. not the opposite. as a result, i think it's time we go back to the drawing board and draft up a
at apple as ceo. that money would come in handy in washington, wouldn't it? that is our top story. the senate convened today for emergency session to deal with the fiscal cliff. the house has announced plans to reconvene on sunday. both senate majority leader harry reid and senate minority leader mitch mcconnell spoke a short time ago and neither sounds hopeful of fiscal cliff deal will be made before the deadline. so at this point is there any chance the united states can avoid taking a fiscal cliff dive? joining me for more is republican senator john hoeven of north dakota. and very simply, sir, we appreciate you being here but is harry reid right? are we going off the cliff? >> well, adam i hope he is not right. at this point president obama indicated he is going to call and talk to our leader, mitch mcconnell, senator mcconnell and make a proposal. we're very interested to see what that proposal is. we put revenues on the table. there needs to be some savings. and i believe we can get a deal so let's go. adam: what will the do look like? the president at one point actually upp
in this morning's baltimore sun reflects those across the country. from the tribune's washington magazine, it's said when he weight in friday he delivered a lashing speech that included violent movies and video games as he said his plan would train those to guard our schools. in this edition of today's program, we're going to begin the first 45 minutes of the program to talk about the nra's response to the shootings. they broke their silence yesterday with executive director and vice president wayne. we'll talk more about what he had to say. but we want to get you involved in the conversation. so the numbers on your screen. guest: we also have a special line this morning for members of the n.r.a. (202)585-3883 this is for n.r.a. members. you can also reach out to us at twitter.com/cspanwj and f.s.a. -- and facebook at and the headline face of the n.r.a. mountains a forceful defense advocate of armed school guards excels at lighting fires under supporters and critics alike. guest: we'll get back to more of the newspaper articles this morning regarding the n.r.a.'s response to the newtown shoot
. and by contributions to your pbs station from viewers like you. thank you. >> warner: washington's clock ticked another day closer today to automatic tax hikes and spending cuts, the so-called "fiscal cliff". the president took to the road, while republicans warned there's a deadlock in efforts to reach a deficit deal. >> now, of course, santa delivers everywhere. i've been keeping my own naughty and nice lists for washington. >> warner: the president chose a seasonal setting, a toy factory in hatfield, pennsylvania, and holiday imagery to press again for extending tax cuts for the middle class. >> if congress does nothing, every family in america will see their income taxes automatically go up on january 1. i mean, i... i'm assuming that doesn't sound too good to you. >> no. >> that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> warner: in washington, republicans portrayed the road trip as so much humbug, at a time, they said, when negotiations are going nowhere. >> there's a stalemate. let's not kid ourselves. >> warner: house speaker john boehr said republicans
now from washington, is the president for -- president of americans for tax reform, conservative counter broker and the man who does not believe in unicorns, pink or otherwise, mr. grover norquist. grover, what a day to have you on the show. thanks for joining us. >> absolutely. of course, you know, north korea and -- media announced they did find unicorns in north korea. >> we don't often take our cues from them. i am one that firmly believes in the existence of unicorns somewhere and hopefully maybe in this fiscal cliff deal. grover, the first question i have for you is this, your pledge, the pledge that many republicans have signed on to, opposes any and all efforts to increase marginal income tax rates and opposes any net reduction or elimination of deductions and credits unless matched for dollar by further reducing tax rates. closing loopholes and ending deductions would seem to increase the tax burden that americans are paying to the federal government. given that, do you support the proposal put forward by john boehner? >> well, because the proposal is significantly amorp
advisors and steven gil garcetg and our own jeff cox. no encouraging words out of washington, here we go again, from either the fed or congress. >> right, and frankly that's very expected. there's going to be a -- some grandstanding about your political philosophies right up until the end, but the way i view this is we will not and cannot go over the fiscal cliff. >> you think the can will be kicked down the road. >> well, i think washington learned its lessons from the credit crisis. they are not going to have this go over the cliff, and i think it's going to be a recipe of a small part of cutting spending. a small part of raising taxes and a healthy doze of kicking the gan down the road. >> you would be so sure that these guys cannot do it when in fact here we are 18 days away. steve sax from your standpoint in, terms of etfs and in terms of indexing out there, how do you want to invest given all of these uncertainties as we approach year end? >> i'm in the camp i certainly hope we can avoid the fiscal cliff, but right now i don't have a lot of confidence. we're still seeing a lot of f
leaders in washington. good morning. not an easy night for speaker john boehner. >> yes, he is coming off as having a very difficult day. he was hoping that his fellow republicans would rally around his across-the-board tax hikes that come with a fiscal cliff great he was asking fiscal conservatives to swallow some tax hikes. only on those that make more than a million dollars per year for some, that was a bridge too far. >> he is my speaker and i support him strongly. he is in a very difficult position. but i just happen to disagree with this in the correct message. raising taxes on any american, to me is not the right message at all. it is cutting spending. >> the speaker points out that the house has passed a measure that will stop all the tax hikes next year. as he said, it is all in the hands of the senate. bill: will we hear from the president? swivels democratic governments do in response? >> and i think the short answer is probably not much. at least not in the immediate offering here. the senate is in session today, but there's nothing more until later next week. as for the presi
for the president's second term with david ignatius of the "washington post" and journalist and author james mann. >> woodruff: then, we turn back to the tragedy in newtown, connecticut, as more victims are laid to rest one week after the shootings. >> brown: speaking out for the first time since the massacre, the nra's wayne lapierre rejects calls for new limits on guns. >> i asked congress today to act immediately to appropriate whatever is necessary to put armed police officers in every single school in this nation. >> woodruff: and ray suarez talks to mark glaze, director of the pro-gun control advocacy group mayors against illegal guns. >> brown: plus, we hear from high school students from across the country, and gwen ifill talks with secretary of education arne duncan. >> schools have been forever the safe haven, often safest places in the community. and we need to continue to do everything in our power to make sure that they are. >> woodruff: kwame holman updates washington's spending and tax stalemate after house republicans decide not to follow the leader. >> brown: and mark shields and
to "morning joe." this morning, washington is just hours away from a self-imposed doomsday scenario, a deadline that was meant to force lawmakers to cut a deal to confront the nation's debt. in other words, this cliff-hanger has been two years in the making. >> i've said before that i felt that the middle-class tax cuts were being held hostage to the high-end tax cuts. i think it's tempting not to negotiate with hostage takers. unless the hostage gets harmed. then people will question the wisdom of that strategy. in this case, the hostage was the american people. and i was not willing to see them get harmed. now, is this the deal i would have preferred? no. but this compromise does make a serious down payment on the deficit reduction we need. most importantly, it will allow us to avoid default and end the crisis that washington imposed on the rest of america. it ensures also that we will not face this same kind of crisis again in six months or eight months or 12 months. and it will begin to lift the cloud of debt and the cloud of uncertainty that hangs over our economy. >> it's a re
let's close tonight with some advice from one of you to washington. >> my message to all of washington for the new year is to set partisanship aside working on behalf of 100% of the voters, fix this mess you've gotten us into, bring a balanced budget to the table to grow this economy for the long term not the short term. >> there you go. for the long term, not the short term. >> there you go. i'm don lemon. happy new year to you. jooirksz . >>> hello, i'm don lemon and this is cnn's top 10 of 2012. we look at the stories that captured our attention, what we see as the biggest stories of the year around the world, in crime, money, weather and even the biggestscandals and later this hour, those stories chosen by you. anchor of state of the union, candy crowley, with the top ten political stories of 2012. >>> like finding your favorite grain of sand on the beach. impossible number of possibilities. catch phrases become boomerangs. >> if you got a business you didn't build that. >> i like being aable to find service members. >> i'm an american woman who uses contraception. let's start ther
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